New and Approved Used Audis in Surrey

Colbornes Audi - Contract Hire

Contract Hire is frequently the first vehicle financing choice for businesses.

CONTRACT HIRE BENEFITS AT GLANCE

includes Servicing Costs
includes Maintenance Costs
includes Tyre Replacement (for normal wear only)
A Replacement vehicle following an accident or breakdown or during Servicing

It provides the use of a vehicle at a fixed monthly cost that can even include full servicing/maintenance costs, tyres and road fund licence renewal. This delivers a regular motoring cost for budgeting purposes. Contract Hire also enables a flexible method of off balance sheet funding.

Current UK tax legislation also helps to keep Contract Hire costs lower.Businesses may be able to reclaim up to 50% of the VAT payable on the monthly rentals if for registered business users with a proportion of private mileage useage.

Additionally the full VAT on the service/maintenance element (if taken) may be recoverable in full.

Contract Hire is available on 12 to 36 month terms.The level of the monthly repayments is calculated according to

The value of the vehicle
The initial rental
The length of the rental period (12 to 36 months)
The agreed annual mileage
The exact package to suit your needs

After the agreed period you return the vehicle and there is nothing more to pay as long as all payments are met and all the terms and conditions of the contract have been met.

Taxation, legislation and accounting practices are subject to change and current business allowances can be changed at any time. For specific guidance you should contact your own financial advisor in these regards.